Essar Energy, of India reported a loss of $568.2 million for 2011 after a tax ruling that went against the company. However it is challenging the decision.
Weatherford, an oilfield services and equipment company, has told investors that because of deficiencies in its income tax reporting, they should not rely on the company’s previous financial statements.
The proposed regulations for the Foreign Account Tax Compliance Act (FATCA) are evidence that the US Treasury has listened to financial institutions about the difficulty of implementing such complex legislation in the time allowed.
The flag dropped on the world’s biggest initial public offering of an internet company’s shares last Wednesday when Facebook lodged an S-1 form with the SEC. What did the filing tell us about the social networking company’s tax position?
The German Ministry of Finance has published an interpretative letter dealing with how the tax authorities intend to enforce revised anti-treaty shopping rules, which took effect on January 1.
